Kirkland & Ellis LLP
07/10/2025 | Press release | Distributed by Public on 07/10/2025 09:43
Kirkland Advises Mach Natural Resources on Agreement to Acquire Oil and Gas Assets from Sabinal Energy
Kirkland & Ellis advised Mach Natural Resources on a definitive agreement to acquire certain oil and gas assets from Sabinal Energy, LLC for an unadjusted purchase price of $500 million, subject to customary terms, conditions and closing adjustments. Mach expects to fund the transaction with Sabinal with $300 million of equity consideration in the form of Mach common units, with the balance to be funded through a combination of cash on hand and borrowings under its Revolving Credit Facility. The acquired Sabinal assets include approximately 130,000 net acres.
Read Mach's press release
The Kirkland team included real asset M&A lawyers Chris Heasley, Lindsey Jaquillard, Jarrod Gamble, Alex Lippert, Patrick Lingwall, Curtis French and Rachel Miller; capital markets lawyers Julian Seiguer, Michael Rigdon, Erin Meziere and Robbie Dillard; tax lawyers Mark Dundon, David Gilbert and Jonathan Diener; and environmental transactions lawyers Jim Dolphin and Courtney Tibbetts.
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